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Archive for March 20th, 2008Verizon, AT&T win major licenses in wireless auction: FCCPosted by UK Economy News
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20Mar 08 Verizon Wireless has snapped up most of the licenses in the prime segment of the US wireless spectrum in a record-breaking federal auction, the government said Thursday.
Read full story Deal to buy 3Com by equity firm with China is scrubbedPosted by UK Economy News
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20Mar 08 A planned buyout of US technology firm 3Com by a private equity firm and and China's Huawei Technologies was formally ended Thursday because of US government opposition, the investor firm said.
Read full story Comments Off Russia announces spy arrests after BP raids: reportPosted by UK Economy News
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20Mar 08 Russia's secret service has charged two Russian-Americans with industrial espionage, the service was quoted as saying Thursday, a day after raids on the offices of British oil major BP in Moscow.
Read full story Comments Off Wall St and buyers expect more delays on Boeing 787Posted by UK Economy News
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20Mar 08 Industry insiders and Wall Street analysts are expecting further delays on Boeing Co's new 787 Dreamliner, as the U.S. plane maker grapples with last-minute design changes and production problems.
Read full story Comments Off Fed to auction 75 bln dlrs in liquidity movePosted by UK Economy News
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20Mar 08 The US Federal Reserve said Thursday it would auction 75 billion dollars in credits under a program announced last week to deliver more liquidity to stressed banks and securities firms.
Read full story Comments Off Belgian banking group KBC announces purchase of Slovak bankPosted by UK Economy News
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20Mar 08 Belgian banking group KBC said Thursday it had reached a deal with Austrian-based Bawag AG to buy Slovak bank Istrobanka for 350 million euros (548.7 million dollars).
Read full story Comments Off Credit Suisse warns on first quarter, discloses trader ‘misconduct’Posted by UK Economy News
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20Mar 08 Swiss banking giant Credit Suisse warned Thursday it could suffer a first quarter loss, citing exposure to the US subprime crisis, and said some of its traders had engaged in "intentional misconduct" and had been suspended.
Read full story Comments Off ECB, Bank of Russia launch supervision, auditing programmePosted by UK Economy News
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20Mar 08 The European Central Bank launched a three-year programme with the Bank of Russia Thursday aimed at boosting cooperation in bank supervision and auditing.
Read full story Comments Off Alitalia boss holds firm with unions on Air France takeoverPosted by UK Economy News
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20Mar 08 The head of near-bankrupt airline Alitalia told unions on Thursday to "take or leave" a takeover offer by Air France-KLM as conservative leader Silvio Berlusconi made a sudden push for an Italian solution with elections just weeks away.
Read full story Comments Off Oil prices slump beneath 100 dollars per barrelPosted by UK Economy News
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20Mar 08 World oil prices tumbled under 100 dollars per barrel on Thursday, diving from record heights struck earlier this week amid fears of a global slowdown in energy demand, traders said.
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